Marketing analysts see dim prospects for glut of sports arenas in N.Y.C. region

Sports-markets experts are raising concerns about the economic viability of four major indoor arenas in the greater New York area and a fifth on the way, according to a report in the The New York Times.

The report reviewed the status of The Prudential Center in Newark, The Izod Center in the Meadowlands, Madison Square Garden in Manhattan, Nassau Coliseum on Long Island and the planned facility in Brooklyn. Mark Rosentraub, a professor of sports management at the University of Michigan told the newspaper: "Five arenas is not going to work. I don't think four works, even in a market as large as New York. There's competition in every direction and there aren't enough events."